Company registmtion number 05572968 (England and Wales) Charity registration number 1112369 (England and Wales) THE RSPCA DANAHER ANIMAL HOME ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE RSPCA DANAHERANIMAL HOME CONTENTS Page Trustees, report Independent auditor's report Statement of financial activities 10 Balance sheet 11 Statement of cash flows 12 Notes to the financial statements 13-25
THE RSPCA DANAHER ANIMAL HOME TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present thelr annual report and financial statements for the year ended 31 December 2024. The financial statements have been prèpared in accordance with the accounting policies set out in note 1 to the financial statements and comply wth the charty's governing document, the Companies Act 2006, FRS 102 'The Financlal Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "kcounting and Reporting by Charities.. Ststement of Recommended Practice applicable to chartkne6 preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" Objectives and aetivities The Danaher Animal Home provides a temporary stop for homeless domestic animals that have often been ill- treated and are unwanted. At the Home they are assessed, seen by our veterinary team, cared for, nursed arsd rehabilitated by our staff and volunteers and then the vast majority are re-homed, retumed to owners (slrays) or transferred out. Animals that are deemed unsafe, or that cannot be kept Comfortable physically or mentally, are sadly subject to euthanasia. Regrett8bly euthanasia is an unwelcome reality in any animal rescue establishment. The primary purpose of euthanasia is to relieve suffering. The decision to follow this option will be based on an assessment of many factors. These may include the extent and nature of the disease or injuries, other treatment options, the prognosis and potential quality of life after treatment. the availability and likelihood of success of treatment, the animal's age andlor other diseaselhealth status. No animal at Oanaher is euthanised without consultations with either the animal team, the senior management team or any necessary RSPCA Branches or Inspectorate and then that decision being ratified by a qualified member ofthe Veterinary team. Danaher runs a fostering programme for various anima16 including. young animals, elderly animals and animals that are at the end of their lives due to medical condtknons, but that can be kept comfortable through MeditiOn. Danaher, whilst being affiliated to the RSPCA, is an independent company responsible for raising its own funding. Its role is the acceptance of, from RSPCA Essex branches and elsewhere, the RSPCA'lnspedorate and othèr sources, animals for re-homing, rehabilitation and to provide veterinary treatment in this conneclion. Furthermore, the safekeeping of some animals pending the posslble prosecution of their owners for cruelty, negligence or abuse. Public benefit The Home seeks to benefit the public through the pursuit of its stated aims. ere animals are made available for rehoming, they are housed and microchipped (dogs, cats and rabbits>, vet checked and provided th a clean bill of health lor, where ne¢essary, the medicath'on to treat any ongoing health issues)- Adoption fees are set at a level that, together 1th other forms of fundraising, ensures the financial viability of the Home and at a level that is consistent with our aim of providing a first-class rehoming service. The Trustees ¢onfirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Chartty Commission for England and Wales. Volunteers An induction programme is in place for volunteers and covers health and safety and Animal Home operational procedures. The Home has around 170 volunteers that assist in the day-to-day running ofthe centre and its shops. From dog walking, grooming, socialising and enrichment of all animals to the sorting, pricing, displaying and selllng of donated goods in our charity shops. Volunteers also carry out various administration and control tssks.
THE RSPCA DANAHER ANIMAL HOME TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and performance Significant activities and aGhi8vem8nts against objectives As at 31st December 2024, there were 163 animals in residence at the Home - 97 dogs, 39 cats, 14 rabbits and 13 other small animals. During 2024, 760 animals were re-homed. Please see the table below for a breakdown of anlmals entering and leaving throughout 2024. 2024 Balance at sta of ear aken in during ear Do 73 Cats Rabbits 15 Misc. 37 Total 169 511 310 47 71 939 Overdll Total Rehomed during e year ransferred ou ofthe Home Died Subject euthanasia Balance at end ear 1108 760 401 288 42 59 10 14 14 38 to 74 20 110 97 39 14 13 163 'Misc refers to all small animals that are not classified as rabbits e.g. guinea pigs, hamsters, birds and gèrbils, etc. During the year, 21 dogs were put to sleep due to government legislation of prohibited breteds, therefore preventing Danaherto be able to rehome these animals. Only 11.70k (1101939 ' 100) of the animals in care during 2024 were euthanised for the following reasons - legal, behavior, aggression or medical. We Carried out over 1,500 veterinary procedures at the Home along wlth countless health checks vacanations and welfare checks. We have been able to help home over 80 unclaimed stray dogs and have taken 21 anlmals from a 'UK animals most in need, neOrkIng list. Ongoing projects have been completed to improve the welfare of animals in our stay. Qur mission statement and values are available to view on our website here titill danaheranimalhom ion-statement Fundraising practicés Danaher does not use a professional fundraiser or a commercial participator to raise fijnds on its beh81f. We have not had any complaints about the charity or persons acting on our behalf in relation to fundraising. We do not get involved in face-tO-fa¢e collections on the street or going from door to door . Our ndraISIng consists of mailings by means of a computer file of supporters, which identifies the requirements of each supporter and conforms with GDPR rules
THE RSPCA DANAHER ANIMAL HOME TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial revlew R8serves policy Trustees. board meetings are held quarterly with fvll financial reporting, and attendance and input by RSPCA representatives. The Trustees have examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted fvnds not committed or invested in tsngible fixed assets held by the charity should be 6 months of operating expendtture. Expenditure for 2024 is £1,368,000 and therefofe the reserves target is set at £684,000 in general funds. The charity's available reserves, excluding fixed assets and designated funds, amount to £1,229,811 (£1,161,135 In 2023). Reserves are needed to meet the working capital requirements of the ¢harity and the Trustees are confident that at thls level they would be able to continue the current a¢tlvities of the charity in the event of a slgnificant drop in funding. The remaining reseNes are available to be spent as the Trustees decide on capital or revenue projects, all in aid of improving animal welfare. The charity has regular capital projects meetings at which future needs are discussed and agreed upon. Principal fvnding sources It is the intention to match operating income to expenditure as far as possible- this is to be supplemented by an application for any grant support available towards capital or revenue projects. The operation of fundraising activities and various regular glving schemes wth glft ald is coordlnated through the General Managers together with regular reviews of adoption fees and collection thereof. The regular support of the RSPCA, RSPCA branches and Inspectorate is highly valued, as is their contribution towards the re-homing costs. During each year Danaher's five shops together with general donations and legacies provide essential fvnding. Income for the Charity has largely been raised from Charity Shop sales, donations and boardingladoption fees (£1,148,750). Furthei income has been received from legacies and gift aid (£202,324). Total expenditure amounts to £1,368,000, £18,185 less than the previous year. Investment policy A regular review of investments and deposits is carried out to ensure that maximum use and return of funds available is achievèd. Funds are moved beeen investments as necessary to meet operating requirements. Danaher has an investment sub-committee that meets regularly to ensure maximum rebjm and security. Investments as of 31st December 2024 totaled £339,904.63 compared to £299,323 in 2023, an increase of £40,581.
THE RSPCA DANAHER ANIMAL HOME TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Major risks The trustees have a duty to identify and review the risks to which Ihe charlty 1$ exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. A risk management poli¢y is in place within the organisats'on. Risks are identified and grouped into the follong categories.. Governance, Financial, Operational, Environmental and Compliance. Risks are re-evaluated and reported either to the Board or one of its ancillary sub-committees (Capital Projects, Fundraising, and Investment). The maln risks include, but are not limited to; Trustèe S118 and commitment that is being mitigated by recruitment and engagement of a multi- skilled Board including Accountsncy, IT, Business Management, PR and Veterinary Pradice., The Charitys 'brand' and public perception and subsequent loss of income that is mitigated by a ritten complaints policy and subsequent review of any issues identified through the complaints procedure; Fundraising. The company mitigates as far as possible the risk of falling income in any of the various areas in whith it raises money, by spreading fundraising over several different activtlies such as,. donations, events, shops, sponsorship, boarding and adoption fees. A fundraising sub- committee meets regularly to share ideas and keep adopter, donor and sponsor engagement high. A reserve of six months, operating expenditure 16 also provided to Cover all possible disaster scenarios., Health and Safety, this risk is mitigated by a very detailed polity including specific risk assessments. The Charity has appointed Acton Jennings as a 'competerbt person,. A full audit was carried out by Acton Jennings and all recommendations were implemented. Our recent monitoring inspection confirmed compliance in all areas. Loss of key personnel, experience and expeiti$e. Our senior managers continue to ensure the smooth running of the Home and the shops whllst undertaktng regular review of our procedures and policies. Structure, govemance and management The governing document 16 the organisation's Memorandum and Articles ofA8sociation dated 23 September 2005, The trustees and officers serving during the year and since the year end were as follows: Trustees- R WLees G R Barker D Leath {appointed 23 July 2024) G Perry (appointed 23 July 2024) R Jubb (appointed 16 April 2025) R J Lord (resigned 29 November 20241 Secretsry.. T Harrison (resigned 7 February 2025) M Kiincke (appointed 2 JLtne 2025) General Managers: S Garvey T Harrison (resigned 7 February 2025) M Klincke (appointsd 2 June 2025)
THE RSPCA DANAHERANIMAL HOME TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Recruitment and appointment of trust88S The appointment of trustees is by having regard to the job description and person and by Interview of interested parknes. In addition, references are taken up for each candidate as necessary. Once the board has selected a suitable candldate to engage wth, ffinal appointrnent will be approved by the national RSPCA. Richard James Lord resigned as Trustee in November 2024, Organisational structurg The organisation is managed by a board of trustees, with the day-to-day running and some strategic input provided by the Geneial Mgnagers. Induction and training of tnJst8es Since the incorporation ofthe company, any new trustees wll be recrulted as necessary, being ab to provide a professional level of expertise in various fields. They will be introduced to the aims and objectives of the company wth an explanation ofthe foundation and history and relationship wth the RSPCA, Remuneration policy Salaries of the staff, excludlng the General Managers, are recommended by the General Managers to the Board and the budget approved by them. The General Manager salaries are set by the Board. R81ationship with Tr18ted p8rties RSPCA Essex branches and Insp8dorate The charity aims to continue the relationship and support offftom th& RSPCA Essex and other nearby branches and the Inspectorate. It also intends to contsnue and expand contact wtih other local based animal welfare support groups. RSPCA Lic8nses The Animal Home is affiliated, inspected and annually licensed by the RSPCA. Braintree Trstrict Counoil The charity has a continuing contsct with Braintree District Council for the acceptance of stray dogs. Colchester Borough Council The Charity has a continuing contract Colchester Borough Coun(al for the acceptance of stray dogs. T8ndrlng StriCt Council The Charity has a continuing contract with Tendring District Council (or the acceptanc8 of ad hoc stray dogs. Police, Fire and Crime Commissioner for Essex The chartty has a continuing ¢ontraGt with the Police, Fire and Crime Comrnlssioner for Essex for the acceptance of adho¢ stray dogs. Uttlesford District Council The charity has a continuing contract Uttlesford Distri¢t Council for the acceptsnce of ad hoc stray dogs Statement of trustees. responsibilities The trustees, who are also the directors of The RSPCA Danaher Animal Home for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requlres the trustees to prepare financial statemènts for each financial year leh give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
THE RSPCA DANAHER ANIMAL HOME TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In preparing these financial Statements, the trustees are required to.. select 5Ultable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and estimate5 that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, subject to any material departures dis¢losed and explained in the financial ststements., and prepare the financial ststernents on the going concern basls unless it is inappropriate to presume that the charity wtll continue in operation. The trustees are responsible for keeping adequate accounting re¢ords that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements mplY with the Companies Act 2006. They are also responsible for safeguarding the assets of the charty and hence for taknng reasonable step6 for the prevention and detedion of fraud and other irregularities. Auditor In accordance ¥%ith the company'6 articles, a resolution proposing that Moore Green be reappointed as auditor of the company wll be put at a General Meeting. Small companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. The trustees, report was approved by the Board of Trustees. Trustee Date: ....
THE RSPCA DANAHER ANIMAL HOME INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE RSPCA DANAHERANIMAL HOME Quallfled oplnion We have audited the flnancial statements ofThe RSPCA DanaherAnlmal Home (the 'charity') for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant ac¢ounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Report¢ng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (Unlted lQngdom Generally Accepted Accounting Practice). In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion sectton of our report, the financial ststements.. glve a true and fair view of the stste of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application ofresources, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Aocepted Accounting practi., and have been prepared in accordance with the requirements ofthe Companies Act 2006. Basis for qualified opinion We were appointed as auditor of the charitable company on 12th December 2024, but no sto¢k take was undertaken at the year end as the stock was believed to be immaterial, thus we did not obseNe the wunting of physical inventories at th8 end ofthe year. We were unable to satisfy ourselves by alternative means conceming the inventory quantities held at 31 December 2024, 1¢h are induded in the balance sheet at £15,336, by using other audit procedures. Consequenlly we were unable to determine whether any adjustment to this amount was necessary. We ¢ondu¢ted our audit In accordance with Intemational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those stsndards are further descrlbed in the Auditor's responsibilities for the audtt of the financial ststements sethon of our report. We are independent of the company in accordance th the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fijlfilled our other ethical responsibiif(ies in a¢¢ord8nce with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our qualified opinion. Concluslons relating to going concem In auditing the financial statements, we have conduded that the trustees, use of the going concem basis of accounting in the preparation ofthe financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charty's ability to conts'nue as a going concem for a period of at least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections ofthis report. Other infomiation The other information comprises the Informatlon Included in the annual report other than the financlal statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on thè financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knoedge obtained in the course of the audit, or otherwise appears to be materlally misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine ether this gives rise to a material misstatement in th6 financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement ofthis other information, we are required to report that fact. As described In the basls for qualified oplnion section of our report, we were unable to satisfy ourselves ¢oncemlng the inventory quanb*es of £15,336 held at 31 December 2024 and 31 December 2023. We have Concluded that where the other information refers to the inventory balance or related balances such as cost of sales, it may be materially misstated for the same reason.
THE RSPCA DANAHERANIMAL HOME INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE RSPCA DANAHERANIMAL HOME Matters on whlch we are Tequlred to report by exception Except for the matter described in the basis for qualified opinlon sedon of our report, in the light of the knoedge and understanding of the charitable company and tts environment obtained in the course of the audit, we have not identified material misstatements in the trustees. report. ising solely from the limitation on the scope of our work relating to Inventory, referred to above.. we h8ve not obtained all the information and explanations that we considered necessary for the purpose of our audit,. and we were unable to determine whether sufficient accounting records had been kept. We have nothing to report in respect of the followng matters in relation to lch the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: the information given In the financial statements is inconsistent In any material respect Wbth the trustees, report,. or the financial ststements are not in agreement with the accounting records. Responsibilities of tNstees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the charity for the ptjrpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, thether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's abilty to continue as a going ¢on¢em, disdosing, as applicable, matters related to going concem and using the going concem basis of accounting unless the trustees either intend to liquidat8 the charitable company or to cease operations, or have no realisth'c altemats've but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effeGt thereunder. Our objectives are to obtain reasonable assurance about thether the financial Statements as a whole are free from material misstatement, whether due to freud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audtt conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misststements Can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decision5 of users taken on the basis ofthese financial statements. Irregularities, induding fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to lch our procedures are capable of detecting irregularities, including fraud is detailed below:
THE RSPCA DANAHER ANIMAL HOME INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE RSPCA DANAHER ANIMAL HOME In IdenfyIng and assesslng rfsks of material misstatement in respect of irregularities, including fraud and non- complianGe laws and regulations, our procedures irscluded obtaining an understanding of the legal and regulatory frameworks applicable to the charity and the sector in which they operate. We determined that the most significant laws and regulations were the Companies Act 2006, Charities Act 2011. UK taxation, data protection, employment and health and safety legislation. We assessed and Concluded that the charitable company's key area was in relation to income generation from the various income streams. In assessing the completeness and accuracy of these we designed audit tests to verify the income included and the cut off procedures followed by management. We assessed the susceptibility of the chantable company's financial ststements to material misstatements, induding how fraud might occur. Audit procedures by the engagement team included identifying and assessing the design effectiveness of Controls management has in place to prevent and detect fraud., understanding how th(6e charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process,. challenging assumptions and judgements made by management in ts significant accounting estimates., identifying and testing unusual value entries, in particular any entries posted wlh unusual account combinations., and assessing the extent of compliance the relevant lawE and regLdations. The size of the Gharitsble company and value of transactions indicated a low level of material risk. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-¢omplian¢e wth regulation. The risk increases the more that compliance with law or regulation is removed from the events and transactions re11ected in the financial ststements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, a$ fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11 ww.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities {AGcounts and Reports) Regulallons 2008. Our audlt Wofk has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, w8 do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Nicholas Farr 8Sc FCA (Senior Statutory AudTtor) For and on behalf of Moore Green, Statutory Auditor Chartered Accountants 22 Friars Street Sudbury C010 2NA Moore Green is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a Company under section 1212 ofthe CompaniesAct 2006.
THE RSPCA DANAHERANIMAL HOME STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Endowment funds funds 2024 2024 Total Unrestricted Endowment funds funds 2023 2023 Total 2024 2023 Notes Incomè from.. Donations and legacies Charitable activities Other trading activities Investments 304,704 504,174 542,196 53,737 304,704 504,174 542,196 53,737 417,813 415,922 546,744 22,169 417,813 415,922 546,744 22,169 Total income 1,404,811 1,404,811 1,402,648 1,402,648 Expenditure on: Raising funds Charitable activities 15,758 1,352,242 15,758 1,352,242 20,760 1.365,425 20,760 1,365,425 Totsl expenditure 1,368,000 1,368,000 1,386,18S 1,386,185 Net gainsl(lossesl on investments 12 40,581 40,581 16,636 16,636 Net income and movement in funds 77,392 77,392 33,099 33,099 Reconciliation of funds: Fund balances at 1 January 2024 2,083,766 220,000 2,303,766 2,050,667 220,000 2,270,667 Fund balances at 31 December 2024 2,161,158 220,000 2,381,158 2,083,766 220,000 2,303,766 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 10
THE RSPCA DANAHER ANIMAL HOME BALANCE SHEET ASAT31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets Investments 14 15 811,442 339,905 843,308 299,323 1,151,347 1,142,631 Current as$ets Stocks Debtors Cash at bank and in hand 16 17 15,336 82,147 1,198,138 15,336 138,897 1,083,880 1,295,621 1,238,113 Creditors: amounts falling due within one year 19 (65,810) (76,978) Net cuffent assets 1,229,811 1,161,135 Total a55el$ less current liabilities 2,381,158 2,303,766 The funds of the charity Endowment fvnds Unrestricted funds 21 22 220,000 2,161,158 220,000 2,083,766 2,381,158 2,303,766 The financial statements have been prepared in acocrdance the provisions applicable to companies subject to the small companies regirne. z% O&f zeJL5 The financial statements were approved by the trustees on ......................... er( Trustee Company registration number 05572968 (England and %les) 11
THE RSPCA DANAHER ANIMAL HOME STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operating activitiès Net cash income l (expendlture) 77,392 33,101 Adjustments to cash flows from non4ash Itèms Depreciation Financial instrument net (gains) losses through statement of financial activities (Profit)Iloss on disposal of tangible fixed assets 93,604 92,909 (40,581) (16,635) 1,397 131,812 109,375 Working capital adjustments {increas6)Idecrease in stock (increase)Idecrease in debtors {Increase)Idecrease in creditors Net cash flows from operating artivilles (1,138) (73,574) 20,833 56,750 (11,168) 177,394 55,496 Cash flow form investing actlvities Purchase of tangible assets (63,136) (275) Net cash used in investing activlties (63,136) (275) Net increasel(decrease) In cash and cash equivalents 114,258 55,221 Cash and ¢ash equivalents at beginning of year 1,083,880 1,028,659 Cash and cash equivalents at end of year 1.198,138 1,083,880 12-
THE RSPCA DANAHERANIMAL HOME NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity informatlon The RSPCA Danaher Animal Horne is a private company limited by guarantee incorporated in England arml Wales. The registered office is Thorley Farm, Hedingham Road, Wethersfield, Braintree, Essex, CM7 4EQ. 1.1 Basis of preparation The financial statements have been prepared in accordance with the Gharity's governing document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities Preparing their accounts in accordance with the Financial Repo.ng Standard applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, leh is the nCtIonal currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the histori¢al cost convention. The principal aoUnting policies adopted are set out below. 1.2 Coing concem At the time of approwng the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern b8sis of accounting in preparing thè financial statements. 1.3 Charltable funds Unrestricted fijnds are available for use at the discretion of the trustees in ftjrtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses ofthe restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donath'on, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwse if the charity has been notified of an impending digtribution, the amount is known. and receipt is expe¢ted. If the amount is not known, the legacy is treated as a contingent asset. ere services are provided lo the charity as a donation that would normally be purchased from the charity's suppliers, this benefit is included in the financial statements at its fair value unless its fair value cannot be reliably measured, then at the costs to the donor or the resale value of goods that are to be sold. Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Mhere performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. 13
THE RSPCA DANAHER ANIMAL HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) Income from olher a¢tlvitles includes sales made at the Home and the shops and also Income from fundraising events undertaken by the charity. Income is recognised when it is receivable. Interest on funds held on deposit is included when receivable and the amount can be measure reliably by trie tharity- this is normally upon notification ofthe interest paid or payable by the bank. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to 8 third party, it is probable that a transfer of economic benefits wll be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dir&t costs and shared costs, including support costs involved in undertaking each actsvity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.8 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as to write off Ihe cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Animal accommodation Equipment and shop fittings Motor vehicle8 Drainage instsllations Recèption Carpark Not depreciated SO/0 straight line method 15Q/o reducing balance method & 5P/o Straight line method 15 % reducing balan¢e method 250/0 reducing balance method 5 % straight line method 150/0 reduGing balance method The gain or loss arising on the disposal of an asset Is determined as the difference beeen the sale proceeds and the carrying value ofthe asset, and is recognised in the statement of financial activities. 1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequenty measured at fair value at each reporting date. Changes in fair value are recognised in net incomel{expenditure) for the year. Transaction costs are expensed as incurred. 1.8 Impairnnt of fixed assets At each reporting end date, the ¢harity reviews the carrying amounts of its tangible assets to d8termlne whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is eSMated in order to determine the extent of the impairment loss (K any). 14
THE RSPCA DANAHER ANIMAL HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.9 Stocks Stocks are stated at the lower of cost and estlmated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present localion and condition. Items held for distribution al no or nominal consideration are measured the lower of replacement cost and cost. INhere stock is in relation to donated goods no closing value included due to the impracticality of the volume of low- value items. Instead re¢ognised as income when sold. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distrlbution. 1.10 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown thin borrowings in current liabilities, 1.11 Flnancial instrnments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 'Othei Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the ontractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the finanaal statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic fin8nclal assets Basic ffinanaal assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised oost using the effective interest method unless the arrangement constitutes a financing transactton, where the transaction is measured at Ihe present value of the fvture receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc finaneAal Ilabllltles Basic financial liabilits'es, including creditors and bank loan5 are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable wlthin one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wilhin one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are dere¢ognised wh8n the charity's contractual obligations expire or are discharged or cancelled. 15-
THE RSPCA DANAHER ANIMAL HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.12 Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Ad 2010 and therefore it meets the definttion of a Charitable Company for UK corporation tax purposes. A¢¢ordingly, the charity is Potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income Of gains are applied exclusively to charitable purposes. 1.13 Employee benefits The cost of any unused holiday entitlement is recogni5ed in the period in thich the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committèd to terminate the employment of an employee or to provide termination benefits. 1.14 Retirement benefrts Payments to defined wntribution retirement benefft schemes are charged as an expense as they fall due. Income from donations and legacies Unrestricted funds 2024 Unrestricted funds 2023 Donations and gifts Legacies Grants Donated goods and services Other 101,280 220,701 1,000 (18,377) 100 117,983 241,091 58,467 272 304,704 417,813 In¢ome from charitable activities Unrestricted Unrestricted funds funds 2024 2023 Animal care Charilable rental income Reimbursement of vet fees 430,602 4,005 69,567 362,252 53,670 504,174 415,922 16-
THE RSPCA DANAHERANIMAL HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from other trading activities Unrestricted Unrestricted funds funds 2024 2023 Fundraising events Shop income from sale of donated goods and services 12,161 530,035 24,926 521,818 Other trading activities 542,196 546,744 Income from investments unstrICted Unrestricted funds funds 2024 2023 Other income 53,737 22,169 Expenditure on raising funds Unrestricted Unrestricted funds funds 2024 2023 Fundraising and publicity Seeking donations. grants and legacies 3,352 5,711 Trading costs Operating charity shops 12,406 15,049 Total costs 15,758 20.760 17-
THE RSPCA DANAHERANIMAL HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expènditure on charitable activities Unrestricted Unrestricted funds funds General General 2024 2023 Direet costs Stsff Gosts Animal food and bedding Veterinary fees and vaccines Donated goods Depreciation of animal accommodation Depreciation of motor vehicles Depreciation of drainage instsllations Depreciation of reception Depreciation of meet and greet Depreciation of equipment and shop fittings Depreciation of strawberry fields Depreciation of carpark 798,912 15,297 140,941 3,630 54,156 3,631 785,031 5,478 147,895 18,231 54,156 4,272 2,529 5,818 21,492 931 5,044 2,529 6,676 24,177 1,095 1,052,384 1,049,544 Share of support and govemance costs {see note 8) Support GovernanGe 270,216 29,642 279,285 36,596 1,352,242 1,365.425 Analysis by fund Unrestricted fijnds 1,352,242 1,365,425 18
THE RSPCA DANAHERANIMAL HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to activities Fundraising 2024 Total 2023 Depreciation Operating lease charges Charity shop rent ater and general rates Lighting and heat Insurance Repairs and maintenance Telephone Postage, stationery and computer consumables 80,495 11,391 57,717 8,621 25,424 3,910 13,549 83,576 14,631 59,234 4,635 23,997 4,166 15,374 k li Equipment rental Clothing Sundry expenses Cleaning and re)lJse collection Septic tank expenses Motor expenses Advertising Bank charges Staff expenses Slaff training ProfiULoss on disposal of fixed assets Subscriptions Management fees 12,145 2,357 4,199 23,371 320 8,708 2,446 7,164 1,295 1,660 1.397 1,818 2,029 14,893 1,587 14,368 23,758 394 10,487 1,217 6,948 20 270,216 279,285 2024 2023 Governance costs comprise: Audit fees Accountancy Legal and professional 8,750 11,413 9,479 13,125 14,474 8,997 29,642 36,596 Net movement in funds 2024 2023 The net movement in fijnds is stated after chargingl(¢rediting): Fees payable for the audit ofthe charity's financial statements Depreciation of owned tangible fixed assets 8,750 93,604 13,125 92,909
THE RSPCA DANAHER ANIMAL HOME NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Trustees None of the trustees (or any persons connected wth them) received any remuneration, expenses paid or benefits from the charity, during the yèar. 11 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number 49 51 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 745.207 41,678 12,027 734,900 38,599 11,532 798,912 785,031 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows: 2024 2023 Aggregate oompensation 90,000 113,858 12 Gains and losses on investments Unrestricted Unrestricted funds funds 2024 2023 Gainsl{losses) arising on- Revaluation of Investments 40,581 16,636 13 Taxation The charity is exempt from tsxation on its actrvtties because all its income 1$ applied for charitable purposes, 20-
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THE RSPCA DANAHERANIMAL HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Fixed asset inveslments Other investments Cost or valuation At 1 January 2024 Valuation changes 299,323 40,582 At 31 December 2024 339,905 Carying amount At 31 December 2024 339,905 At 31 December 2023 299,323 16 Stocks 2024 2023 Finished goods and goods for resale 15,336 15,336 17 DebtOf5 2024 2023 Amounts falling due within one year: Trade debtors Prepayments and 8c¢rued income 55,516 26,631 69,368 69,529 82,147 138,897 18 Finance lease obligations Future minimum lease payments due under finance leases.. 2024 2023 thin one year thin and five year$ In over five years 58,903 230,472 45,000 43,593 9,296 334,375 52,889
THE RSPCA DANAHER ANIMAL HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Creditors: amounts falling due within onfr year 2024 2023 Other taxation and social security Trade creditors other creditors Accruals and deferred income 13,586 26,125 3,827 22,272 11,328 32,426 7,597 25,627 65,810 76,978 20 Retirement benefrt scherrvas 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 12,027 11,532 The tharity operates a defined contribution pension s¢heme for all qualifying employees. The assets of the scheme are held separately trom those ofthe charity in an independenlly administered fund. 21 Endowment funds Endowment fvnds represent assets which must be held permanently by the charity. Income arising on the endowment fvnds can be used in accordance vlth the objects of the tharty and is included as unrestri¢ted income. Any capttal gains or losses arising on the assets form part of the fund. At 1 January 2024 At31 December 2024 Pennanent endowments Capitsl fund 220,000 220,000 Previous year: At 1 January 2023 At31 December 2023 Pernnent endowments Capital fund 220,000 220,000 -23-
THE RSPCA DANAHERANIMAL HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Unrestricted funds The unrestricted funds of the charty comprise the unexpended balances of donations and grants which are not subject to specific Conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for SpefiC purposes. At 1 January 2024 Incoming resources Resources expended Gains and losses At31 December 2024 Cattery Development Project Genefal funds 300,000 1,783,766 300,000 1,861,158 1,404,811 (1,368,000) 40,581 2,083,766 1,404,811 {1,368,000) 40,581 2,161,158 Previous year: At 1 January 2023 Incoming resources ReSOue$ expended Gains and losses At31 December 2023 Cattery Development Project General funds 300,000 1,750,667 300,000 1,783,766 1,402,648 (1,386,185) 16,636 2,050,667 1,402,648 11,386,185) 16,636 2,083,766 23 Analysis of net assets between funds Unrestricted Endovmient funds funds 2024 2024 Total 2024 At 31 December 2024: Tangible assets Investments Current assetsl(liabilities) 591,441 339,905 1,229,811 220.000 811,441 339,905 1,229.811 2,161,157 220,000 2,381,157 -24-
THE RSPCA DANAHERANIMAL HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Analysts of net assets between funds Icontinued) Unrestricted End0wmt funds funds 2023 2023 Total 2023 At 31 December 2023: Tangible assets Investments Currerbt assetsl(liabllle8) 623,308 299,323 1,161,135 220,000 843,308 299,323 1,161,135 2,083,766 220,000 2,303,766 24 Related party transactions Durlng the year the charity entered into the following transactions with related partles: Linkswood Veterinary C¢ntrn Ltd {Vets) During the year £3,258 (2023: £4,867) was invoiced by Linkswood Veterinary Centre Ltd in respect of veterinary fees in which R Lees, who is a trustee, has a material interest. Of this, at the balan¢e sheet date the amount due to Linkswood Vetetinary Centre Ltd was £1,259 (2023.. £3,397). 25-